Vanguard Group Inc. Grows Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Vanguard Group Inc. raised its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,236,848 shares of the company's stock after acquiring an additional 87,980 shares during the period. Vanguard Group Inc. owned approximately 5.11% of Vital Farms worth $84,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company's stock worth $44,172,000 after purchasing an additional 516,139 shares during the period. Wellington Management Group LLP bought a new stake in Vital Farms in the third quarter worth about $16,464,000. Jupiter Asset Management Ltd. boosted its position in shares of Vital Farms by 96.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company's stock valued at $23,696,000 after buying an additional 308,425 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Vital Farms during the fourth quarter valued at approximately $5,464,000. Finally, Impax Asset Management Group plc purchased a new stake in shares of Vital Farms in the fourth quarter worth approximately $4,711,000. Hedge funds and other institutional investors own 98.59% of the company's stock.

Analysts Set New Price Targets

VITL has been the topic of several research analyst reports. Craig Hallum assumed coverage on Vital Farms in a research report on Friday, December 20th. They issued a "buy" rating and a $50.00 price objective on the stock. DA Davidson cut their price target on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a research report on Thursday, March 13th. Finally, Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a research report on Friday, February 28th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $42.00.

Vital Farms Stock Up 1.2 %

NASDAQ VITL traded up $0.42 during trading on Tuesday, reaching $34.04. 110,491 shares of the company's stock traded hands, compared to its average volume of 1,030,793. Vital Farms, Inc. has a 12-month low of $24.52 and a 12-month high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 30.42 and a beta of 0.96. The company's 50 day simple moving average is $32.54 and its two-hundred day simple moving average is $35.60.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Vital Farms

In other news, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $44.05, for a total value of $541,815.00. Following the transaction, the chief marketing officer now owns 46,203 shares of the company's stock, valued at $2,035,242.15. The trade was a 21.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Ohayer sold 4,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.39, for a total transaction of $125,560.00. Following the transaction, the insider now owns 6,966,890 shares of the company's stock, valued at approximately $218,690,677.10. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 88,546 shares of company stock valued at $3,567,030. Corporate insiders own 27.60% of the company's stock.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.